Banking

Banking
UK Digital Bank Zopa Introduces Hybrid Savings
February 23, 2022

Digital bank Zopa is introducing a hybrid savings account with multiple stash “pots” and the opportunity for boosted interest rates based on length of deposit time and withdrawal notice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Security, Trust Key to Consumer Adoption of Open Banking
February 23, 2022

Americans have opened new accounts, taken out additional loans and carried balances in the past year, and many showed preferences for managing all of this digitally. But they remain concerned about cybersecurity — and the real risk that sharing their financial data over multiple digital...

Banking
Digital Banking Leaves Teller Deposits in the Distance
February 22, 2022

Banking, without a backward glance, is leaving the branch behind. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Banking
French Neobank Qonto Targets SMBs, Burgeoning Pool of Freelancers
February 21, 2022

Jump-starting a new business as an entrepreneur or solopreneur can be challenging no matter where an individual is based, but in Europe, business banking can be a nightmare as more established, traditional lenders often neglect individuals who do not have the typical 9-5 worker profile...

Banking
Independent ATMs Struggle for Access to Banks
February 20, 2022

There’s a growing schism between banks and small business owners running independent ATMs in America’s vast swathe of gas stations, bars and bodegas, The Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Fed Governor: Digital, Decentralized Finance Holds Promise and Risk
February 20, 2022

Lael Brainard, a member of the Federal Reserve’s board of governors, said the rapidly changing digital finance world, with its decentralized focus, will necessitate the Fed change its ways, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
Neobank Weekly: Atom Bank Contracts With Insurance Firm Gallagher
February 18, 2022

United Kingdom-based Atom Bank signed a deal with Gallagher, the insurance firm also based in the U.K., to provide the businesses with insurance and risk management advice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Lawmaker Urges Philippines Central Bank to Push for Lower Fees
February 18, 2022

Philippines’ Sen. Grace Poe is turning to the country’s central bank to request that it help appeal to financial institutions to lower digital and eWallet fees as one way to assist the many people in the country that rely on these services but have not...

Banking
BoA Confirms Digital Banking Engagement as Consumers, Clients Flock Online
February 17, 2022

Debatably slow on takeoff, digital banking is soaring with the eagles now, standing as one of the biggest success stories yet to emerge from the great digital shift the pandemic caused. Get the Full Story Complete the form to unlock this article and enjoy unlimited...